Ecommerce giant, Amazon India, is categorical that the $1 billion investment announced by Jeff Bezos during his recent trip to India would be used for long-term development of its operations and not for deep discounting or cover losses. “A lot of our investment is focused on the long-term and if we only look at the […]

Paytm on Tuesday said it aims to add close to 10 million merchants to its platform over the next 12-18 months as it brings new features to its payments platform. The company, which has introduced a new all-in-one payment gateway and business solutions as well as an Android-based point of sale (POS) machine, currently has […]

Infosys Chairman Nandan Nilekani said the merchant discount rate (MDR) would have trended to zero even if the government had not gotten involved and said payment providers in India should focus on budget payments that will help small merchants across the country. MDR is a fee that is levied by banks on merchants for the […]

Amazon has hit almost every US retailer adversely. An exception has been Walmart. At over $500 billion in revenue, it remains more than twice as big as Amazon. In 2019, its share price rose 27%, much faster than Amazon’s and among the fastest in the Dow Jones index. The stock price surge actually began in […]

Digital campaigning for Delhi’s election scheduled on February 8 is a battle between the two most proficient political messengers on social media — BJP and AAP. A portacabin inside Delhi chief minister Arvind Kejriwal’s official Civil Lines residence is Aam Aadmi Party’s (AAP) digital headquarters. The messaging this time, says AAP’s social media head Ankit […]

When Elon Musk secured $1.3 billion from Nevada in 2014 to open a gigantic battery plant, Jeff Bezos noticed. In meetings, the Amazon.com Inc. chief expressed envy for how Musk had pitted five Western states against one another in a bidding war for thousands of manufacturing jobs; he wondered why Amazon was okay with accepting […]

India is becoming a development hub for games, opening up job opportunities in the sector. Currently, close to 23,000 gaming-based job openings are available, with salary packages ranging from Rs 3 lakh to a little over Rs 40 lakh, according to specialist staffing firm Xpheno. UBISOFT, 99Games, GSN, Moonfrog Labs, EA, Nazara Technologies, Octro and […]

Nearly one million medical files and 107 million related medical images of Indian patients, including X-rays and scans, are freely accessible on the internet, an investigation by German security firm Greenbone Networks has found. The records and images include details such as patient name, date of birth and ID, name of the medical institution, ailment, […]

The government is expected to notify within two weeks the revised IT intermediary guidelines that seek to make social media companies more responsible for content on their platforms, two government officials told ET. The Ministry of Electronics and IT (MeitY) will seek the law ministry’s views on the validity of the provisions in the draft […]

Amazon India and Flipkart are studying the Budget proposal on levy of one per cent TDS, and may reach out to the government for clarifications. “We are studying the details, and will reach out to the government for clarifications. We hope the tax regime is simple and uniform so that millions of small and medium […]